北师大高中英语必修四课件：Unit 10　Money10.1.pptxVIP

课标导航主题导读课标导航主题导读课标导航主题导读Money is something you’ve been familiar with throughout your life.In fact,you may already consider yourself an expert on the subject.You regularly use money to measure the value of things you own.You also have some of it in your pocket and in bank accounts.It might surprise you to learn that there’s a great deal of disagreement among economists about what money is and how to measure it.课标导航主题导读The four major functions of money are as a medium of exchange,a standard of value,a standard of deferred(延期的)payment,and a store of value.A Medium of Exchange.As a generally accepted medium of exchange,money gets rid of the need for barter,the direct exchange of one item for another.Barter is a very inconvenient means of trading because it requires the double coincidence of wants.A seller with goods or services to offer must search for a buyer who has exactly what the seller desires.课标导航主题导读A Standard of Value.Money provides a unit of account that serves as a standard to measure value.The value of an item is a measure of what a person will sacrifice to obtain it.How much is a two-week vacation in Hawaii worth to you?If you’re like most people,you’ll probably respond to such a question by valuing the vacation in dollars—$2,000—rather than in terms of other things(like your car).A Standard of Deferred Payment.Many contracts involve promises to pay sums of money in the future.The unit of account for deferred payment of debts is also money.If you borrow money to buy a car,the loan contract rules how much you must pay back every month and the number of months required to satisfy your duty.课标导航主题导读A Store of Value.Money can also serve as a store of value that can be quickly changed to goods and services.Money as the actual medium of exchange is completely liquid,meaning it can immediately be changed to goods and services without any inconvenience or cost.课标导航主题导读诱思探究 1.What are the four major functions of money?2.What does the underlined word “liquid” in the